Commis sioners to scriptions. CHAPTER CXXXI. A FURTHER SUPPLEMENT to the act to incorporate the Trenton City Bridge 1. BE IT ENACTED by the Senate and General Assembly of receive sub- the State of New Jersey, That John Kirkbride, Mahlon Kirkbride, James H. Farrand, Jehu Hendrickson, David Taylor, Elisha Reeves and Mahlon Moon, of the state of Pennsylvania, and Thomas J. Stryker, John L. Taylor, William A. West, Thomas P. Johnston, Barker Gummere, Gregory A. Perdicaris, and Jonathan Steward, of the state of New Jersey, be and they are hereby appointed commissioners to receive subscriptions to the capital stock of the Trenton City Bridge Company, instead and in place of the commissioners heretofore appointed for that purpose by the legislature of the states of Pennsylvania and New Jersey respectively, and they are hereby invested with all the rights, powers and privileges, and made subject to all the obligations, duties and responsibilities granted and imposed by the act incorporating the said company to and upon the commissioners therein named. Part of former act repealed. take effect. 2. And be it enacted, That so much of the act to incorporate the Trenton City Bridge Company, or of any former act relative thereto as is inconsistent with the provisions of this act be and the same is hereby repealed. Act, when to 3. And be it enacted, That this act shall not go into effect until a like supplement shall be passed by the legislature of Pennsylvania. Approved March 15, 1859. CHAPTER CXXXII. AN ACT to incorporate "the Flemington Gas Light Company." corporators. 1. BE IT ENACTED by the Senate and General Assembly of Names of the State of New Jersey, That John C. Hopewell, Charles Bartles, John L. Janeway, John G. Reading, and Bennet Vansyckle, and all and every person or persons who may become subscribers according to the mode hereinafter prescribed, and their successors are hereby created a body politic and corporate in fact by the name of "the Flemington Gas Light Company," and by the said name the said corporation shall have power and authority to manufacture, make and sell gas, to be made of bituminous coal or other materials for the purpose of lighting the streets, buildings, manufactories and other places situated in the village of Flemington and in the township of Raritan, and to enter into and execute contracts, agreements, or covenants in relation to the object of this corporation, and of enforcing the same, and be capable of purchasing, taking and holding any estate, real or personal, necessary to give effect to the specified purposes of this corporation, for the accommodation of their business and concerns, or which it may be necessary for the said corporation to acquire and hold for the purpose of securing debts which have become due to them in the regular business of the said corporation; provided, that the said real estate shall not exceed what Proviso. may be necessary for the purpose mentioned, and no private lands shall be in any way injured or defaced without permission first obtained in writing from the owner or owners thereof. authorized pipes. 2. And be it enacted, That the said corporation shall be Company empowered to lay down their gas pipes and to erect gas to lay down posts, burners and reflectors in the streets, alleys, lanes, avenues and roads of the village of Flemington and township of Raritan, and to do all things necessary to light the Proviso. Commis sioners to scriptions. said village of Flemington and township of Raritan, and the dwellings, stores and other places situated therein; provided, that the public travel shall at no time be affected or impeded by the laying of the said pipes or the erection of the said posts, and the streets, alleys, lanes, avenues and roads shall not be injured, but shall be in as good and perfect condition as before laying of the said pipes or the erection of the said posts. 3. And be it enacted, That John C. Hopewell, Charles receive sub- Bartles, John L. Janeway, John G. Reading and Bennet Vansyckle are hereby appointed commissioners for receiv ing subscriptions for the sum of ten thousand dollars to constitute the capital stock of the said corporation, in shares of twenty-five dollars each, and the said commissioners or a majority of them shall open books for that purpose at such time and in such place or places within this state as they shall designate by a public advertisement, to be previously inserted for at least three weeks in a public newspaper printed in Flemington, and shall continue the same open until the said capital stock shall be subscribed or at their discretion close the same after they shall have remained open two days, and again open the same at some other time or times, place or places, giving public notice thereof as aforesaid, and the sum of ten per centum upon each share so subscribed shall be paid in specie, or in the bills of banks which redeem their bills with specie, by each subscriber at the time of subscription, to the said commissioners, and the amount so received shall by them or a majority of them be paid over to the directors of the said company to be appointed as hereinafter directed, and all the powers of the said commissioners shall cease and determine on the appointment of such board of directors, and the said board, when so appointed, shall have power and they are hereby authorized from time to time, under the foregoing regulations, to open the books for the further subscription of stock until the whole stock shall be subscribed, and are also authorized to call upon the said subscribers for the payment of further instalments in such sum or sums at such time or times, and under such forfeiture or forfeitures as they may deem expedient, until the whole amount of said shares so subscribed shall have been fully paid. directors. 4. And be it enacted, That the management of the concerns Election of of the said company shall be vested in five directors, to be selected from the stockholders, three of whom shall be residents of this state, aud the said directors shall choose by a plurality of votes a president from among themselves, and as soon as conveniently may be after ten thousand dollars shall have been subscribed, the before named commissioners or a majority of them, shall convene the said stockholders by public notice, to be given as aforesaid, and at such time and place as they shall designate in said notice to choose the first board of directors who shall hold their offices until the second Monday in January thereafter, and the said directors and president shall hold their offices from the second Monday of January in every year, for one year, and shall be elected on the second Monday of January in each year, at such time and place as a majority of the directors shall appoint, and public notice shall be given of the time and place of holding such election for ten days in a newspaper printed in Flemington, and any vacancy in the said board of directors may be supplied by appointment to be made by the board of directors until the next election, and all elections shall be by ballots of the stockholders or their proxies, allowing one vote for each share, which they shall have held in his, her, or their name or names, at least thirty days before the time of voting. not dis failure to 5. And be it enacted, That if at any time an election is Corporation not held on the day herein appointed, the corporation shall solved for not be dissolved for that cause, but an election shall be elect on day held in such manner as is directed by the by-laws at any time within one year. prescribed. 6. And be it enacted, That the directors for the time being Quorum. shall form a board, and they or a majority of them shall be a quorum for transacting business. Stock transferable. Penalty for injuring works. Books of account to be kept. When works are to be 7. And be it enacted, That the stock of the corporation shall be transferable according to the by-laws and regulations of the corporation, and shall be considered personal property, and the stock and transfer books shall be opened at all times to the inspection of the stockholders. 8. And be it enacted, That if any person or persons shall wilfully do or cause to be done any act or acts whatever, thereby to injure any conduit, pipe cock, machine or structure whatsoever, or anything appertaining to the works of the said corporation, or whereby the same may be stopped, obstructed or injured, the person or persons so offending shall be considered guilty of a misdemeanor, and being thereof convicted, shall be punished by fine not exceeding three hundred dollars, or imprisonment at hard labor not exceeding two years or both, provided such criminal prosecution shall not in anywise impair the right of action for damages by a civil suit hereby authorized to be brought for any such injury as aforesaid by and in the name of the said corporation, in any court of the state having cognizance of the same. 9. And be it enacted, That the said company shall cause to be kept at their office proper books of accounts, in which shall be fairly and truly entered all the transactions of the company, which books shall be at all times open for the inspection of the stockholders. 10. And be it enacted, That the said company shall erect completed. and establish their said gas works within five years from the passage of this act, and if said company fail to comply with the requirements of this section, then all the rights, privileges and powers granted by this act shall be forfeited, and said act void and of no effect. Limitation. 11. And be it enacted, That this charter shall continue in force for the period of thirty years. Approved March 15, 1859. |